Pension Scheme Manager job description

Job description of a Pension Scheme Manager

Pension scheme managers are responsible for ensuring that pension schemes operate effectively and sustainably. Their main function is to manage a pension fund – a large pot of money paid in by companies and individuals over many years to provide benefits in retirement. Pension scheme managers may coordinate schemes that are managed by a company/employer, a benefits consultancy, a public sector pensions provider or an insurance company.

They may also be involved with defining the strategic development of schemes as well as overseeing the day-to-day management of pension funds. Developing new schemes or managing related funds may also be a feature of the work.

This Pension Scheme Manager job description example includes the list of most important Pension Scheme Manager duties and responsibilities as shown below. It can be modified to fit the specific Pension Scheme Manager profile you're trying to fill as a recruiter or job seeker.

Pension Scheme Manager Duties and Responsibilities

Pension Scheme Manager job description should contain a variety of functions and roles including:

Developing communication strategies to promote the benefits of pension schemes;
Contributing to annual and other financial reports;
Improving services in response to member feedback.
Developing pensions policies and pension and benefits packages;
Reviewing, discussing and agreeing fund strategy and structure with the company board, investment managers and other advisers;
Advising the company board on new and emerging financial issues;
Raising company-wide awareness of pensions-related matters;
Ensuring that schemes operate effectively and meet performance, quality and customer care targets as well as complying with industry standards;
Monitoring changes in the legal situation for pensions providers and developments in pension provision in order to ensure the optimum performance of the fund;
Managing the relationship between the employer (primarily responsible to shareholders) and trustees (representatives of scheme members);
Meeting with and encouraging communication between actuaries, fund managers, solicitors and consultants;
Supervising the overall administration of pension schemes;
Calculating the performance and value of funds;
Providing update reports to trustees and pensions managers;
Providing regular updates to scheme members;

Pension Scheme Manager Requirements / Skills / Qualifications

Pension Scheme Manager job description should include these common skills and qualifications:

A degree in business management, economics, finance, law, mathematics, statistics.
Excellent interpersonal and relationship management skills
Strong communication skills, both written and verbal
Analytical skills and the ability to interpret and pass on complex information
Good judgement and decision-making skills
Organisation, planning and time management skills
Meticulous attention to detail
Ability to work well under pressure
Strong influencing and negotiation skills
A good level of numeracy and IT literacy
Ability to lead and motivate a team
Common sense and personal integrity.

As a hiring manager, recruiting an ideal Pension Scheme Manager starts with crafting a good job description. Use this Pension Scheme Manager job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Pension Scheme Manager may also reference it in preparation for the interview.

Pension Scheme Manager Job Description

Job description of a Pension Scheme Manager

Pension Scheme Manager Duties and Responsibilities

Pension Scheme Manager Requirements / Skills / Qualifications

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